22. The bankers gain on a certain sum due 1 ½ year hence
is 3/25 of the bankers discount .The rate percent is
A.19 1/9 % B.9 1/9 %
C.11 1/9 % D.None
Answer:
Let B.D = 1 then B.G = 3/25
T.D = (B.D /B.G)
= (1 3/25)
= 22/25
sum = (1 * 22/25) / (1 22/25)
= 22/3
S.I on Rs 22/3 for 1 ½ year is 1.
Rate = (100 * 1) / (22/3 * 3/2)
= 9 1/9%
